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EUROPE: Prospects for the 2003 cereal crops have deteriorated across Europe in the wake of several weeks of exceptionally hot and dry weather. Wheat output in the EU is forecast to fall 10 percent and that of coarse grains is also forecast down to about 10 percent. Among the CEECs even larger reductions are expected. Adverse weather conditions have also compromised cereal harvest in the European CIS. Ukraine will be a net cereal importer while Russia will remain a net exporter but not a significant player in the international grain market. |